Daymark Wealth Partners LLC Sells 1,691 Shares of Huntsman Co. (NYSE:HUN)

Daymark Wealth Partners LLC lessened its stake in shares of Huntsman Co. (NYSE:HUN) by 12.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,650 shares of the basic materials company’s stock after selling 1,691 shares during the period. Daymark Wealth Partners LLC’s holdings in Huntsman were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HUN. Russell Investments Group Ltd. boosted its position in shares of Huntsman by 24.4% during the 1st quarter. Russell Investments Group Ltd. now owns 665,652 shares of the basic materials company’s stock worth $17,327,000 after purchasing an additional 130,614 shares in the last quarter. Diversified Trust Co acquired a new stake in Huntsman in the second quarter valued at approximately $2,180,000. Acadian Asset Management LLC increased its holdings in shares of Huntsman by 1,052.7% during the first quarter. Acadian Asset Management LLC now owns 209,442 shares of the basic materials company’s stock valued at $5,449,000 after acquiring an additional 191,272 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of Huntsman by 753.2% during the first quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after purchasing an additional 2,531,800 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Huntsman in the 1st quarter worth $1,428,000. 84.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. JPMorgan Chase & Co. dropped their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. UBS Group decreased their price objective on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Royal Bank of Canada dropped their target price on Huntsman from $30.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.56.

Huntsman Trading Down 0.9 %

Shares of Huntsman stock opened at $24.55 on Friday. The stock has a fifty day moving average price of $22.03 and a 200-day moving average price of $23.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The firm has a market cap of $4.25 billion, a PE ratio of -47.21 and a beta of 1.00. Huntsman Co. has a 1 year low of $19.91 and a 1 year high of $27.01.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts anticipate that Huntsman Co. will post 0.2 EPS for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.07%. Huntsman’s payout ratio is presently -192.31%.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.